Voloridge Investment Management LLC Sells 21,809 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Voloridge Investment Management LLC trimmed its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 49.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,427 shares of the semiconductor company's stock after selling 21,809 shares during the period. Voloridge Investment Management LLC's holdings in Monolithic Power Systems were worth $13,270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Waverly Advisors LLC increased its holdings in Monolithic Power Systems by 359.4% in the fourth quarter. Waverly Advisors LLC now owns 1,121 shares of the semiconductor company's stock valued at $663,000 after purchasing an additional 877 shares during the period. Woodline Partners LP bought a new position in shares of Monolithic Power Systems in the 4th quarter worth about $1,578,000. Vident Advisory LLC raised its position in shares of Monolithic Power Systems by 26.7% in the 4th quarter. Vident Advisory LLC now owns 1,210 shares of the semiconductor company's stock worth $716,000 after acquiring an additional 255 shares in the last quarter. Sphera Management Technology Funds Ltd bought a new position in shares of Monolithic Power Systems in the 4th quarter worth about $1,183,000. Finally, TrinityPoint Wealth LLC raised its position in shares of Monolithic Power Systems by 5.6% in the 4th quarter. TrinityPoint Wealth LLC now owns 513 shares of the semiconductor company's stock worth $303,000 after acquiring an additional 27 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the transaction, the director now owns 676 shares in the company, valued at $471,848. The trade was a 12.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the transaction, the executive vice president now owns 4,015 shares in the company, valued at $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,200 shares of company stock worth $8,546,800. Insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MPWR. KeyCorp lowered their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Oppenheimer reissued an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. Citigroup lifted their price objective on Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Wells Fargo & Company lowered their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Finally, TD Cowen lifted their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems Stock Up 3.5%

MPWR stock traded up $23.34 during mid-day trading on Tuesday, reaching $685.52. 787,290 shares of the company traded hands, compared to its average volume of 794,323. The stock has a market cap of $32.82 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The firm's 50 day moving average price is $594.85 and its 200 day moving average price is $610.55.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. The business had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The company's quarterly revenue was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.81 EPS. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.